Absolutely. I'm trying to simplify the Elliott concepts to make them easier for readers, but also remember that Elliott is only one way among many of looking at the market.

The larger timeframes are more important in terms of structure and direction, but remember I'm limited in my time and size of posts for what I do on the free blog. I prefer to show small bits of into to highlight a key point rather than give a full forecast.

I'll be expanding my analysis through a subscription service, but for the free blog, it's mostly for a laser-focused point to teach rather than detailed analysis of the markets.

The BBs are compressed at the moment which might hint for a larger breakout. Still the EMAs are expected to hold as support (unless they don't!) so there' s a floor below price. Higher prices would perhaps trigger a momentum move up and if $1,000 is taken out, there's no more overhead resistance.

That $1,000 level is absolutely key so we must watch it closely.

Also consider the possible Bull Flag (with March 1st to May 1st as the Flag and the October lows as the low of the pole. That gives us a target of around $115 or so on the GLD. Would be a large bull flag if successful.

I love your discussions on Elliot Wave which I do find to be very complicated even for me a seasoned observer. Sometimes I wonder if we should not , in the interest of simplification , particularly for those less seasoned, look at weekly and monthly charts for possible direction as opposed to relying on Elliot Wave. A simple weekly chart is often the best starting point. Could you expand upon this theme in your future writings maybe? Look at a daily chart but look also look at a weekly on on longer time frame.